Ichor Holdings Sees Q2 2024 Revenue $190M-$205M Vs $201.28M Estimate, Sees Adj. EPS $(0.03)-$0.09 Vs $0.13 Estimate
Portfolio Pulse from Benzinga Newsdesk
Ichor Holdings forecasts Q2 2024 revenue to be between $190M-$205M, below the $201.28M estimate, and adjusted EPS to range from $(0.03) to $0.09, under the $0.13 estimate.
May 07, 2024 | 9:51 pm
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NEGATIVE IMPACT
Ichor Holdings forecasts lower-than-expected Q2 2024 revenue and adjusted EPS, indicating potential financial challenges or market underperformance.
The projected revenue and EPS for Q2 2024 are both below analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The deviation from expected financial performance often results in stock volatility, with investors likely to react to the lower-than-expected guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100